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Project Benefit The project should be viewed as a significant step forward in the effort to more fully develop and utilize geothermal energy. Given that hundreds o f thousands o f producing and non-producing oil and gas wells exist in the U.S; and given that a majority o f wells produce associated geothermal energy, it is now evident that a vast store-house of clean renewable energy has technical and commercial viability to reach the market-place. Several factors lead to this conclusion: • Development costs are reduced by utilizing existing wells, thus reducing permitting and engineering time and costs; • Capital costs are reduced by utilizing existing wells, thereby reducing drilling and other well costs; • The generating system is non-site-specific and portable. It requires no permanent structures or civil work; thereby further reducing time and costs; • The generating system is modular and therefore less expensive to fabricate and assemble; again resulting in cost and time reductions; • The generating system is synchronous, requiring no grid or other fuel driven generation in order to operate; further reducing costs and also increasing operating efficiency; and • Over-all operating costs are low, given the simplicity and stoutness ofthe modules and the low threshold requirement for operation and maintenance labor. The project has also directly resulted in the formation o f a strong collaborative relationship between American company, Chena Power LLC, and China based Kaishan Group. As a further result, the Kaishan Group is in the process o f acquiring and expanding an American manufacturer to produce power generation systems; thus creating American jobs. This action stands in stark and ironic contrast to United Technologies Corporation, which abandoned the project, and sold its U.S subsidiary to a foreign competitor; thereby eliminating American jobs.PDF Image | Chena Hot Springs
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